Peoples plans March 04 IPO

30 Sep 2003

Peoples Telephone Company has reportedly received three listings proposals from investment banks for an initial public offering (IPO) which will value the company at around HKD5 billion. Based on Hong Kong Exchange rules, which state that a company must offer at least 25% of its shares in any listing, a Peoples IPO would raise at least HKD1.25 billion.

Hong Kong